FOSTER ON THE PARK

FOSTER ON THE PARK

Durham, NC Multi-family

Background

Blue Heron identified the demand for urban residential living in the rapidly-developing and dynamic downtown Durham sub-market and acquired a prime one acre urban infill site at competitive basis. The site abuts Durham’s Central Park, overlooks the Durham Farmers’ Market, and is adjacent to the 1.7M+ sq.ft proposed Innovation District which is currently under construction. Durham continues to see a revitalization and redevelopment of its downtown, with numerous new apartments, hotels, restaurants, bars, craft breweries, shops, art galleries, and yoga, dance, and fitness studios in the immediate neighborhood.

Achievements

Acquired prime site adjacent to Central Park at competitive land basis.

Currently working on design development for a boutique multifamily/mixed-use project and anticipate beginning construction in 2017.